SKYWEST INC — Director's Dealing 2018

Aug 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2018-07-31

Reporting Person: Vais Terry (Chief Operating Officer - Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-31	Common Stock	M	2393	$13.51	Acquired	40000	Direct
2018-07-31	Common Stock	M	5848	$14.78	Acquired	45848	Direct
2018-07-31	Common Stock	S	8241	$60.0064	Disposed	37607	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-31	Stock Option (Right to Buy)	$13.51	M	2393	Disposed	2022-02-17	Common Stock (2393)	Direct
2018-07-31	Stock Option (Right to Buy)	$14.78	M	5848	Disposed	2023-02-10	Common Stock (5848)	Direct

Footnotes

F1: Includes 23,294 restricted stock units which vest three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock. Reflects the corrected total showing 1 share less due to rounding.

F2: Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $60.00 and $60.10. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

F3: Stock option becomes exercisable in equal annual installments of 33.33% starting on February 17, 2016.

F4: Stock option becomes exercisable in equal annual installments of 33.33% starting on February 10, 2017.